Uncategorised

Q&A

Q: What is the Labor Party’s position on the tax changes the Government announced in the Budget? A: Labor leader Bill Shorten said in his Budget-in-Reply speech that Labor would not support the changes to personal income tax rates that…

Q&A

Q: I’ve read about the income tax changes announced in the Budget but they all seem to be happening in a few years. I have concerns about the tax return that I will be filing on 30 June and would…

Q&A

Q: Is superannuation safe from bankruptcy, and do the bankruptcy rules also apply to superannuation accounts and super death benefits? A: If you are declared bankrupt your assets “vest” with the bankruptcy trustee, to be paid to creditors. However, a…

Q&A

Q: With all the changes to the private health insurance system, I was wondering if the Government rebate will be changing at all this year? A: The Australian Government Rebate on private health will change on 1 April at the…

Q&A

Q: I have been trying to follow the progress of the Government’s superannuation protection bill, as I have two adult children who have recently entered the workforce. The protection measures will have an impact on their super but it has…

Kavanagh

Consumers who are disappointed with the Government’s move to sidestep the Hayne Royal Commission’s recommendation on mortgage broker commissions can take comfort from developments elsewhere. The Australian Banking Association gave an update last week on work its members have been…

Q&A

Q: I run an SMSF with my wife as the other trustee. To plan ahead for the possible franking credit changes, I am asking whether it is possible to transfer say $50,000 into an APRA-regulated fund under our SMSF name…

The New Criterion

It’s one thing to cultivate the stuff in view of supplying the medical market, which, locally, is in its infancy. But refining the healing herb is not exactly like canning baked beans: specialist facilities are required and unsurprisingly they will…

Kavanagh

There has been a surprising amount of sympathy for the plight of mortgage brokers following the release of the Royal Commission’s final report, which recommends that commissions paid by lenders be banned and that brokers be remunerated by charging borrowers…

A battle of wills: lessons from the Hemmes dispute

John Hemmes had a “moral duty” to make provision for his son Edward Cameron, even though he had never acknowledged Edward as his son and had no relationship with him. In making its ruling, a court found that Cameron had…